Hotel Industry Performance Americas

Hotel Occupancy in the Americas Region Up 3.0% to 65.4% for April 2014

Compared to April 2013, the Americas region reported a 3.0-percent increase in occupancy to 65.4 percent, a 3.6-percent increase in average daily rate to US$116.68 and a 6.6-percent increase in revenue per available room to US$76.34.

The Americas region recorded positive results in the three key performance metrics when reported in U.S. dollars during April 2014, according to data compiled by STR and STR Global.

Compared to April 2013, the Americas region reported a 3.0-percent increase in occupancy to 65.4 percent, a 3.6-percent increase in average daily rate to US$116.68 and a 6.6-percent increase in revenue per available room to US$76.34.

Among the key markets in the region, Vancouver, Canada (+8.4 percent to 69.0 percent), and Boston, Massachusetts (+8.0 percent to 80.6 percent), reported the largest occupancy increases. Rio de Janeiro, Brazil, fell 11.3 percent in occupancy to 67.0 percent, posting the largest decrease in that metric. Santiago, Chile, followed with a 10.2-percent decrease to 67.7 percent.

Miami, Florida (+13.6 percent to US$206.83), and San Juan, Puerto Rico (+13.0 percent to US$211.39), experienced the largest ADR increases. Rio de Janeiro fell 10.1 percent in ADR to US$208.22, reporting the largest decrease in that metric.